State of the Market: Coral Gables
Coral Gables is one of the most charming and luxurious communities in South Florida. It attracts families from all over the world looking for a peaceful lifestyle, top-notch schools, and plenty of options for shopping, dining, and recreational destinations.
This highly exclusive community also harbors a very unique real estate market. Based on recent data, there may be a window of opportunity to snatch up a well priced home in Coral Gables, but that window may be closing in the near future.
How Many Homes are For Sale in Coral Gables?
In November 2025, there were about 190 homes for sale in Coral Gables, or just over 7 months’ worth of inventory. This technically means that Coral Gables is currently in a Buyer’s Market, since there’s more than 6 months’ worth of inventory available for sale.
However, this is less inventory than the beginning and middle of 2025. In early summer, there were more than 230 homes for sale in Coral Gables. The threshold for a Buyer’s or Seller’s Market (6 months) also happens to be around the median inventory for Coral Gables. Available inventory only fell below 6 months a couple of times in 2025, and then quickly picked back up the following month.
Sales in Coral Gables
Sales are currently on the lower side in the Gables in comparison to the rest of the year. Approximately 25 homes were sold in Coral Gables in November 2025, considerably less than October. As a result, houses are spending a little more time on the market than usual. In November 2025, the average house for sale spent just under 80 days on the market. It’s normal for homes to spend more time on the market in thriving cities like Coral Gables, when there’s usually competition between buyers.
Current Selling Prices in Coral Gables
Selling prices in Coral Gables have been up and down like a yo-yo since the summer. For example, though selling prices hit their second lowest point of 2025 in November, they reached their highest point of 2025 the previous month. It seems that as soon as prices start to climb up or fall down in Coral Gables, there’s a dramatic shift in the opposite direction just 1-3 months later.
In November 2025, the average selling price in Coral Gables was just over $2,800,000.
The complexity of the Coral Gables market illustrates the importance of working with an experienced local realtor. So, if you’re thinking of making Coral Gables your new home, get in touch with the Kern Team and we’ll give you the inside scoop on all the hottest listings. Fluctuating prices are not uncommon in Coral Gables, which makes it very difficult to interpret the state of the market without accurate, in-depth information.
